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Jan 26, 2017
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in hong kong and beijing. bloomberg that pboc has ordered chinese banks to strictly controlled lending in the first quarter after searched in january. lenders have been told not to increase new mortgage lending or the growth rate of outstanding mortgages relative to the fourth quarter. one source says the central bank may punish noncompliant lenders by making them pay for deposit insurance. the qantas ceo says the push into china will continue as australia enjoys a tourist boom. benefitshere are big between the two nations. qantas will expand to more cities this year after restructuring. growing thee international business and making sure we don't -- and that is what we have been doing. this year will be an exciting year. we have beijing starting. we are taking the dreamliner's at the end of the year, further expansion, the first link between australia and europe with the perth-london service starting. profitability that has arrived, and now it's time to invest in that growth. says china has extended its inves
in hong kong and beijing. bloomberg that pboc has ordered chinese banks to strictly controlled lending in the first quarter after searched in january. lenders have been told not to increase new mortgage lending or the growth rate of outstanding mortgages relative to the fourth quarter. one source says the central bank may punish noncompliant lenders by making them pay for deposit insurance. the qantas ceo says the push into china will continue as australia enjoys a tourist boom. benefitshere...
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Jan 9, 2017
01/17
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kevin hamlin has the story in beijing. does this mean stability over reforms, or stability over growth targets, what is the leadership thinking here? after years of prioritizing growth, growth has been paramount for 20-30 years plus, leaders seem to be recognizing that the debt in recent years is too high. about 6.7%,rowth of a lot of that was funded by stimulus into smokestack industries, and the conclusion seems to be that the cost is too high and that it is undermining the foundation needed for sustainable long-term growth, and so what we heard is an order went out to local and central government officials saying stability is the priority, and officials if they have to choose between growth and stability, , growthy is first second, and everything basically can be sacrificed to stability, including economic reforms. shery: can the government achieve this policy shift of deemphasizing those decade old growth targets? yeah, i think that is a big question. some fine words from policy makers in recent years. ,n 2013 after th
kevin hamlin has the story in beijing. does this mean stability over reforms, or stability over growth targets, what is the leadership thinking here? after years of prioritizing growth, growth has been paramount for 20-30 years plus, leaders seem to be recognizing that the debt in recent years is too high. about 6.7%,rowth of a lot of that was funded by stimulus into smokestack industries, and the conclusion seems to be that the cost is too high and that it is undermining the foundation needed...
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Jan 23, 2017
01/17
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tweets, and beijing uses state media. they are giving different and contrasting views over the weekend. all becauseto them there are a lot of different messages. they congratulated trump, hoping for a win-win cooperation. if there is any term that says nothing, that is that, win-win cooperation. similarily struck a tone, saying the two country should strive for an updated more desirable version of globalization. president xi jinping at davos said protectionism and trade war is not the way ford for globalization. editorial, china listed the number of steps china said it is taking to open its markets to foreigners, relaxing restrictions on foreign investment in long standing closed areas, banking, insurance, others. senior officials say they plan to announce further steps to protect intellectual property rights, which has been a big thorn in the side of u.s.-china relations. past editorials, china has blasted what they perceived to be the great wall of protectionism coming from the new and mr. trump. there are some anti-tru
tweets, and beijing uses state media. they are giving different and contrasting views over the weekend. all becauseto them there are a lot of different messages. they congratulated trump, hoping for a win-win cooperation. if there is any term that says nothing, that is that, win-win cooperation. similarily struck a tone, saying the two country should strive for an updated more desirable version of globalization. president xi jinping at davos said protectionism and trade war is not the way ford...
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Jan 12, 2017
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presence in asia , essentially to did her beijing. it seems like they are crossing swords already. that china's expansion into the south china sea and the reclamation work and reportedly, allegedly, putting some sort of weapons they are. he says it is illegal according to rex tillerson, that the designate to be secretary of state. he says it was a can to what russia did and annexing crimea, words that will not go down well in beijing or to the people of china. he was asked what action the united states should take against china and how forceful they should be, and this is his versus in cancer. >> we will have to send china a clear signal that first, the island building stops, and second, your access to those islands will not be allowed. he went on to say that the united states needs to reaffirm its commitment to taiwan. however, said he is not aware of any plans to question the one-china policy. among others, i will run through some of the points in asia and china, criticize china for stealing intellectual property. he said they are also human rights violators. he is not opposed to
presence in asia , essentially to did her beijing. it seems like they are crossing swords already. that china's expansion into the south china sea and the reclamation work and reportedly, allegedly, putting some sort of weapons they are. he says it is illegal according to rex tillerson, that the designate to be secretary of state. he says it was a can to what russia did and annexing crimea, words that will not go down well in beijing or to the people of china. he was asked what action the...
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Jan 13, 2017
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. >> we're expecting those numbers to break at 10:00 beijing time. survey by bloomberg points to a contraction in 4%.rts of in terms of the imports, up 3% e seen picking in december year-on-year numbers. we've seen the exports for korea, they were stronger in than in november. so that may prove to be a catalyst that may point to stronger demand that might help the exports well.china as in terms of the imports, they are expected to be driven by the infrastructure on, ing that's going particularly demand for commodities like crude and copper. ahead, to later this year, there are, of course, risks around trump and any stance that he takes on china and u.s. trade relations as a risk that analysts are trying to play into and work out what kind of impact that will have. of course, as things like the slowing property sector here as well, so all trying tohings -- be fought off when we're looking at these numbers. exports, the will yen and if that support exports. >> tom, we had money supply data out of the country yesterday. we saw the headline. grabbed that
. >> we're expecting those numbers to break at 10:00 beijing time. survey by bloomberg points to a contraction in 4%.rts of in terms of the imports, up 3% e seen picking in december year-on-year numbers. we've seen the exports for korea, they were stronger in than in november. so that may prove to be a catalyst that may point to stronger demand that might help the exports well.china as in terms of the imports, they are expected to be driven by the infrastructure on, ing that's going...
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Jan 3, 2017
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beijing uses what she calls course of and divisive tactics. in a new year's eve address, president tsai ing-wen said china had hurt the feelings of the taiwanese people and hurt relations. >> i did not wish for confrontation with china, however, we will not give in to pressure. there are still in portend issues -- important issues. beenad: the rhetoric has heating up ever since that phone call to donald trump. what is she referring to when she says the beijing is being course of an intimidating? >> well, interestingly, just as she was giving that address, there was a news report out of beijing citing senior military officials saying that strong measures were being considered for taiwan. the measures will be intended to prevent taiwan from leaning more towards independence. some of those measures we have party seen this month, taiwan lost a key diplomatic ally in west africa to china. china wasted no time rebuilding those diplomatic ties, and also we saw a chinese aircraft sale for the first time from the east china sea into the japann the civi
beijing uses what she calls course of and divisive tactics. in a new year's eve address, president tsai ing-wen said china had hurt the feelings of the taiwanese people and hurt relations. >> i did not wish for confrontation with china, however, we will not give in to pressure. there are still in portend issues -- important issues. beenad: the rhetoric has heating up ever since that phone call to donald trump. what is she referring to when she says the beijing is being course of an...
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Jan 3, 2017
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what did she mean when she said beijing was being coercive and intimidating? referring to a couple of things that happened in the last couple of weeks. we had a chinese aircraft carrier sailing to the western pacific in the east chinese see. that caused some jitters here in taiwan. there has been some diplomatic action and taiwan has lost one of its long-standing diplomatic allies. and china was in no time to rebuild ties with that nation. it is heating up a little bit here. was beingat address made, there was some news from the china side. strong measures were being against taiwan, which could include anything from cutting off truck links to taiwan's predecessor, to some more wargames going on. betty: there is some intrigue surrounding that. >> some people may be meeting with u.s. president-elect donald trump. china had warned the u.s. ininst allowing her to trend the u.s., but unfortunately there are no direct flights from taiwan to central america were this government had several important allies, several diplomatic allies. u.s. said it is a long-standing p
what did she mean when she said beijing was being coercive and intimidating? referring to a couple of things that happened in the last couple of weeks. we had a chinese aircraft carrier sailing to the western pacific in the east chinese see. that caused some jitters here in taiwan. there has been some diplomatic action and taiwan has lost one of its long-standing diplomatic allies. and china was in no time to rebuild ties with that nation. it is heating up a little bit here. was beingat address...
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Jan 6, 2017
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that is beijing. that is one of the countries we have covered at the moment was something like 2600 journalists. it is about the markets, the yuan, japan on the lunch break, seeing currently a bit of weakness there, and that is down strength, or should i say dollar weakness? sophie: i'm going to get into the yuan later. i want to touch on the equity space. you mentioned china warning, and trump and turn warning toyota. now down to percent after trump criticized toyota on twitter for building a new plant in mexico, threatening to slap a border tax on the automaker. we have seen other japanese automakers fall. they also have plants in mexico. on plansrlines falling to issue new shares, three brokerages cutting their rating on the stock today. 3 buys, for holds, and to sells. hynix rising. it announced plans to spend $2.6 billion to ramp up chip output. that story around semiconductors helping samsung today, delivering a beat when it came to earnings guidance. as 2.5%umping as much as the electronics gia
that is beijing. that is one of the countries we have covered at the moment was something like 2600 journalists. it is about the markets, the yuan, japan on the lunch break, seeing currently a bit of weakness there, and that is down strength, or should i say dollar weakness? sophie: i'm going to get into the yuan later. i want to touch on the equity space. you mentioned china warning, and trump and turn warning toyota. now down to percent after trump criticized toyota on twitter for building a...
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Jan 16, 2017
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tom mackenzie joining us from beijing. vietnam is still holding out hope that the transpacific partnership will come together, even though donald trump has vowed to withdraw from it on his first day in office. the trade deal would be a boost to vietnam's economy. i see isssage that that i believe the new administration of the united states will reconsider its perspective on the tpp, and it will also try to achieve a new generation agreement that will benefit all parties concerned. >> i see the newly appointed members of the, many of them are in favor of the tpp, so i think they might reconsider the decision. haslinda amin spoke exclusively with vietnam's prime minister, a great interview, by the way. tell us why he is so optimistic? vietnam is optimistic simply because of the views expressed by trump's team, those who will be taking key positions it hasmp's government, led to the prime minister to believe that tpp is not that yet. clear to say was that he isn't opposed to tpp, even though he does share some of trump's conc
tom mackenzie joining us from beijing. vietnam is still holding out hope that the transpacific partnership will come together, even though donald trump has vowed to withdraw from it on his first day in office. the trade deal would be a boost to vietnam's economy. i see isssage that that i believe the new administration of the united states will reconsider its perspective on the tpp, and it will also try to achieve a new generation agreement that will benefit all parties concerned. >> i...
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Jan 23, 2017
01/17
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quite different to what the messages out of beijing. twitter, often critical of china. his inauguration address, he did not mention china by name but did make references to certain policies on economics and the military side. china of course has been very impressive for us and its criticism of some of the picks of the calling it the rates wall of protectionism, peter navarro, robert light heiser, who has been critical of the chinese currency policies, and also wilbur ross, who at his confirmation hearing said china was the most protectionist major country, then rex tillerson, secretary of state nominee who has been critical of china's expansion in the south china sea , so a little bit of an all of branch coming from beijing. newspaper?ut the china in the last week has made statements about improving iness for foreign investment areas long closed like banking, insurance, mutual funds, and elsewhere. they are sending signals may want to do business with china, but the geopolitical issues are more touchy. seem theit does language has been far less compromising when it come
quite different to what the messages out of beijing. twitter, often critical of china. his inauguration address, he did not mention china by name but did make references to certain policies on economics and the military side. china of course has been very impressive for us and its criticism of some of the picks of the calling it the rates wall of protectionism, peter navarro, robert light heiser, who has been critical of the chinese currency policies, and also wilbur ross, who at his...
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Jan 20, 2017
01/17
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beijing time. betty: thank you so much. no surprises from the ecb as mario draghi held policy study again. he reaffirmed his intention to continue asset purchases until the end of this year. here with more. what exactly is draghi saying here? >> the ecb didn't change its quantitative easing program. $2.8 trillion, they are sticking with where they are. as our colleague, jeff black, said in his story today, it is as though they met and the ecb finished their meeting and draghi came out and said, come back later. the economy is doing ok. there's signs of life. inflation has picked up a bit. there is this uncertainty over donald trump. there's brexit uncertainty. said to all, draghi those who want him to rush faster, be patient. he must be referring to the germans. germans have complained that inflation is starting to rise. there have been calls for the ecb to move. when it comes to inflation, draghi had this to say. expected, headline inflation has increased lately. largely owing to base affect in energy prices, but underlyin
beijing time. betty: thank you so much. no surprises from the ecb as mario draghi held policy study again. he reaffirmed his intention to continue asset purchases until the end of this year. here with more. what exactly is draghi saying here? >> the ecb didn't change its quantitative easing program. $2.8 trillion, they are sticking with where they are. as our colleague, jeff black, said in his story today, it is as though they met and the ecb finished their meeting and draghi came out and...
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Jan 2, 2017
01/17
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what is the buzz on the ground in beijing as to how china is likely going to react here? >> there has been no official comment so far, but we have had an indication from the state media as to how some here feel. the "global times" describing donald trump as ignorant as it comes to china-u.s. ties. saying the one china policy is not for negotiation and will not be traded away, and calling for beijing to put obstacles in place when donald trump takes over the white house to show that china won't be bullied and pushed around. they are faced by a president-elect who is nominating for ambassador to china some of they see as a friend to the country, the iowa governor who had a long-standing relationship with the chinese president. you have donald trump lambasting them over tariffs, trade, the yuan, the south china sea, so they have to divine what his true intentions are. >> how does this play out? what are some of the next steps here? >> i fear the u.s. and china could be on a collision course. it is almost making the case. trump has two major policy pillars. fiscal stimulus wi
what is the buzz on the ground in beijing as to how china is likely going to react here? >> there has been no official comment so far, but we have had an indication from the state media as to how some here feel. the "global times" describing donald trump as ignorant as it comes to china-u.s. ties. saying the one china policy is not for negotiation and will not be traded away, and calling for beijing to put obstacles in place when donald trump takes over the white house to show...
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Jan 4, 2017
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we're in beijing. why do they need the money? basically, its parent company at the moment is so rich, it is not making much of a profit these days. it needs a lot more cash to continue operations. thatrch engine like sogou was to go up against giants like have betterto services and products to entice users. rishaad: that is such a dominant player in the search market. is there a chance of actually beating them? correspondent: it is hard to say. baidu does dominate both the desktop and cell phone market. ou has an advantage that baidu's market share is slipping. users are willing to change the providers of their services. as long as they are providing better search engines on the mobile area, they can attentively stand a chance that potentially stand a chance to get market share. rishaad: that is the battle here. how do they differentiate their product to that of baidu? that will be key here. correspondent: one of the key areas of differentiation is language. -- ra of a wider away translation services. you can type something in in
we're in beijing. why do they need the money? basically, its parent company at the moment is so rich, it is not making much of a profit these days. it needs a lot more cash to continue operations. thatrch engine like sogou was to go up against giants like have betterto services and products to entice users. rishaad: that is such a dominant player in the search market. is there a chance of actually beating them? correspondent: it is hard to say. baidu does dominate both the desktop and cell...
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Jan 12, 2017
01/17
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that is our own tom mackenzie from beijing. more on these latest clues of what point trump plans to do in asia. and the chaos and bravado in his first news conference as president-elect. rishaad: we have been talking about it all morning, donald trump's first news conference since becoming president-elect, standing on business and his ties with russia. we can expect the unexpected when it comes to asia. what did you make of this speech? you don't have to put it in the context of asia, but overall. >> i think it was vintage donald trump. he has strong use, not clear -- strong views, not clearly explained in many cases, and he was aggressive. asia did not come up. it had in the hearings for the secretary of state. rishaad: that was interesting. tpp, theinto transpacific partnership. rex tillerson said he agreed with it although he shared, some of donald trump's concerns. dead of course, but maybe it gets resurrected with a different name. >> that is the hope, especially among numbers of congress. may beat mr. tillerson as well. o
that is our own tom mackenzie from beijing. more on these latest clues of what point trump plans to do in asia. and the chaos and bravado in his first news conference as president-elect. rishaad: we have been talking about it all morning, donald trump's first news conference since becoming president-elect, standing on business and his ties with russia. we can expect the unexpected when it comes to asia. what did you make of this speech? you don't have to put it in the context of asia, but...
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Jan 15, 2017
01/17
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the foreign ministry in beijing was quick to follow up over the weekend. their spokesperson has said the one china principle was nonnegotiable and was an essential policy foundation for u.s.-china relations and that urging trump to acknowledge the sensitivity around the taiwan question. state media being slightly more trump was, saying playing with fire on the question of taiwan. what are the other main areas of contention between trump in china? guest: clearly, trade is at the top of the list. we know he talked of sanctions or putting tariffs on chinese imports and that has many in china concerned. we have also seen geopolitical tensions with rex tillerson saying china should be blocked from the south china sea island. that was met with a lot of anger here in beijing, with state media saying those comments were foolish and that unless washington wanted a large scale war, there's the question of north korea, trump saying he wants to see more done to rein in pyongyang us nuclear ambitions and that he wants to label china a currency manipulator. to walk back
the foreign ministry in beijing was quick to follow up over the weekend. their spokesperson has said the one china principle was nonnegotiable and was an essential policy foundation for u.s.-china relations and that urging trump to acknowledge the sensitivity around the taiwan question. state media being slightly more trump was, saying playing with fire on the question of taiwan. what are the other main areas of contention between trump in china? guest: clearly, trade is at the top of the list....
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Jan 25, 2017
01/17
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mackenzie joins us live now from beijing. thank you for getting up so early for us to read in the piece, you interviewed a lady about the brutal competition there was. to are the key competitors hourly pay and we chat and how are they tackling it? tom: there is a lot of bloodletting between we chat and alipay. alipay expanded their market share last year, while we chat has seen a falloff in the same period grade you have got other competitors, apple pay, and huawei. samsung, android. also the internet search company here have got a wallet. looking at the wealth management side of things. ipay and we whata l chat are offering, they have got apps within an app that make it very easy to use their payment systems, whether that is managing her wealth or buying flights to travel abroad. for the challenges, they have to take on that element of things. apple has the brand strength, still a very popular smartphone maker. qr codes are so popular in china, mostly in-store purchases and purchases for apps. it is difficult for apple to co
mackenzie joins us live now from beijing. thank you for getting up so early for us to read in the piece, you interviewed a lady about the brutal competition there was. to are the key competitors hourly pay and we chat and how are they tackling it? tom: there is a lot of bloodletting between we chat and alipay. alipay expanded their market share last year, while we chat has seen a falloff in the same period grade you have got other competitors, apple pay, and huawei. samsung, android. also the...
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Jan 17, 2017
01/17
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the chinese search engine giant has just set up in beijing. after theas upgraded call with jakarta. jpmorgan downgraded equities following the donald trump election when. neutral revised up to and said that they should now decide. donald trump has met martin luther king the third to discuss the system. the oldest son of the civil rights leader is focused on voting rights. a number of democrats say they are boycotting the trump inauguration. buyal news, 24 hours a day, journalists. >> thank you for that. the chinese president is in the thelight and will address economic forum. we are joined by our chief asia economics correspondent. this is pretty significant. >> it is quite a deal, especially considering the protectionist rhetoric and we herethe president arriving and with a message. lift andes a bit of a criticism has been coming in in recent years. accounts, he will audience thato a is tired of economic growth and -- >> is that what he is expected to focus on? in thisnts to engage and push back against some of the measures trump is engaging in. there is a legitimate two-way debate
the chinese search engine giant has just set up in beijing. after theas upgraded call with jakarta. jpmorgan downgraded equities following the donald trump election when. neutral revised up to and said that they should now decide. donald trump has met martin luther king the third to discuss the system. the oldest son of the civil rights leader is focused on voting rights. a number of democrats say they are boycotting the trump inauguration. buyal news, 24 hours a day, journalists. >>...
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Jan 9, 2017
01/17
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ramy: beijing tackling pollution. shutdown high polluting factories and order 2500 to clean up their act and remove inefficient, dirty vehicles from the roads. beijing spent nine days under an orange alert for smog, the second highest level. yvonne: japan's prime minister is not thinking about an early election while his government works to pass a new budget. shinzo abe said he wants to submit a bill soon on limiting overtime. wants to meet as soon as possible with the donald trump to impress upon the new president the benefits of the u.s.-japan alliance. no date for a meeting has been fixed. executives from samsung electronics set to face prosecutors in seoul, korea. the co-vice chair and president will be questioned over the widening political influence scandal surrounding the president. what is the latest? the co-vice know chair and the president are expected at 10:00 a.m. they are appearing as testify or's, meaning they have not been accused of wrongdoing. the special procrastinators -- prosecutors office said tha
ramy: beijing tackling pollution. shutdown high polluting factories and order 2500 to clean up their act and remove inefficient, dirty vehicles from the roads. beijing spent nine days under an orange alert for smog, the second highest level. yvonne: japan's prime minister is not thinking about an early election while his government works to pass a new budget. shinzo abe said he wants to submit a bill soon on limiting overtime. wants to meet as soon as possible with the donald trump to impress...
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Jan 4, 2017
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his trade secretary is a longtime critic of beijing. and an investment firm of abuted in a slice dhabi. artillery brought down a government. 8:00 a.m. across the emirates. >> welcome to bloomberg markets middle east. a topsy-turvy session. the dow is up much more. part of that was these numbers coming in. more signs of resilience for the american economy these days. >> absolutely. this broadly positive but there are warning signs in this report. if you take a closer look at the scale of the jump when it comes to the manufacturing which increased, you can pull this up on your bloomberg and see additional perspectives on the scale of that jump reaching a two-year high. you had new orders surging with the most since the summer of 2009. it is the stronger overseas and domestic. prices paid for raw materials is the highest level since june 2011. currently nothing to worry about given that the gauge cpi waswas 73.7 in 1981 13.6%. but solidifying the trend that prices are increasing. by,aad: and in the room let's have a look at what is going o
his trade secretary is a longtime critic of beijing. and an investment firm of abuted in a slice dhabi. artillery brought down a government. 8:00 a.m. across the emirates. >> welcome to bloomberg markets middle east. a topsy-turvy session. the dow is up much more. part of that was these numbers coming in. more signs of resilience for the american economy these days. >> absolutely. this broadly positive but there are warning signs in this report. if you take a closer look at the...
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Jan 6, 2017
01/17
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joining us out of beijing on a whole host of china stories. a dominant theme at the beginning of every year. james, the chinese are trying to manage the currency. pretty clear. we have seen a big move this objective of your where the chinese currency goes from here? james: i think yuan is getting lower, an important part of their policy makes as it addresses challenges. control of credit that it has to handle. prime minister doesn't want funds to keep flowing overseas. guy: what is the money do that stays? you are corralling a lot of money inside the country. where does the capital go? james: a lot to domestic property markets. there has been an expectation chinese investors would support on stock market, data trading, but chinese investors have walked from -- away from the stock market worries the government, intervenes, metals and fixes prices. it ends up in an area that is already in bubble territory. james: is it challenge that the pboc faces this year. we have been worrying significantly about margins because of the weakness of the pound,
joining us out of beijing on a whole host of china stories. a dominant theme at the beginning of every year. james, the chinese are trying to manage the currency. pretty clear. we have seen a big move this objective of your where the chinese currency goes from here? james: i think yuan is getting lower, an important part of their policy makes as it addresses challenges. control of credit that it has to handle. prime minister doesn't want funds to keep flowing overseas. guy: what is the money do...
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Jan 9, 2017
01/17
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singapore and beijing. signing that agreement is so 80% of its operations in china and hong kong, mcdonald's. andc group will take 52%, 20%.le it ferries the business at just over $2 billion. four israeli soldiers and a dozen wounded as a truck driver rammed his vehicle into a patrol -- insed jerusalem eastern jerusalem. prime minister netanyahu said the driver supported the so-called islamic state militant group, the hamas movement in gaza applauded the attack without taking responsibility. president-elect donald trump's team says neither he nor any transition official were to meet the taiwanese leader as she passed through houston on route central america, however she met the texas governor greg abbott and senator ted cruz. china had called on washington to bar tsai. latest installment in disney star wars saga topping china's madeffice, rogue one has $30 million in china since friday. thanis about a third less last years the force awakens on its first weekend. rogue one features prominent roles for two ch
singapore and beijing. signing that agreement is so 80% of its operations in china and hong kong, mcdonald's. andc group will take 52%, 20%.le it ferries the business at just over $2 billion. four israeli soldiers and a dozen wounded as a truck driver rammed his vehicle into a patrol -- insed jerusalem eastern jerusalem. prime minister netanyahu said the driver supported the so-called islamic state militant group, the hamas movement in gaza applauded the attack without taking responsibility....
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Jan 7, 2017
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let's get over to beijing to our chinese correspondent. >> they are considering now contingency plans to support the yuan and easy capital outflows. for includes asking conversion of some of their foreign exchange into yuan for the capital account. they may also trim some of their u.s. treasury holdings to support the yuan and maintain a stable exchange rate. it shows the pressure they are under to pull back on some of these capital outflows. >> how unusual is this move like china? -- by china? >> the fact that they are treating this contingency plan -- we have had the devaluation of the currency, the market troubles in january, at this time they are looking to kind of react to overseas movement in the dollar. it is slightly ominous in my point of view. this time, it is more of a dollar story. if donald trump makes good on his threats to do whatever he has said he is going to do, such as impose tariffs on chinese exports, that goods l a lot of trouble. pell a lot of trouble. i think people are very concerned after he -- about what will happen after he takes over. >> the minutes have b
let's get over to beijing to our chinese correspondent. >> they are considering now contingency plans to support the yuan and easy capital outflows. for includes asking conversion of some of their foreign exchange into yuan for the capital account. they may also trim some of their u.s. treasury holdings to support the yuan and maintain a stable exchange rate. it shows the pressure they are under to pull back on some of these capital outflows. >> how unusual is this move like china?...
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Jan 26, 2017
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we don't only have beijing started. withe taking dreamliners the first expansion link between australia and europe. qantas international is doing a lot of growth as its cost basis prices, its profitability is right. >> how specifically will you compete with the chinese airlines like air china? how will you take them on? >> we have a great partnership with china. they are working with us. we wouldn't have gotten a slot in beijing. they are willing participants. we are one of the top airline brands in the world. we are seen as trustworthy, the safest airline on the globe. we know our business product and investment is one of the best in the world. china has at, air $50 lead in airfare. qantas kept demand premium, because people are willing to pay for the services qantas offers. >> the open skies agreement signed between australia and china, will that do for yields? >> it has allowed this market to grow even further. capacity does have an impact on yields. we are calling airfare to come down genetically. -- down dramatical
we don't only have beijing started. withe taking dreamliners the first expansion link between australia and europe. qantas international is doing a lot of growth as its cost basis prices, its profitability is right. >> how specifically will you compete with the chinese airlines like air china? how will you take them on? >> we have a great partnership with china. they are working with us. we wouldn't have gotten a slot in beijing. they are willing participants. we are one of the top...
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Jan 8, 2017
01/17
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let's get over to beijing. let's talk to tom mckenzie. they are now considering contingency plans to support the and he's those capital outflows, including asking enterprises to convert at least temporarily some of their foreign exchange. they may trim some of their u.s. treasury holdings to support you on and maintain a stable exchange rate. they are trying to pull back on some of these capital outflows. >> how unusual is this move by china? >> the fact that they are preparing a contingency plan, 2016.reated a market in they are looking to react to overseas movements on the dollar. that is slightly ominous from my point of view. it is more of a dollar story. ontrump does make good whatever he has said he will do, impose tariffs of more than 40% on chinese exports to the u.s., that the start a lot of trouble. i think people are really concerned about what will happen after he takes over. officials are endorsing a gradual rate increase as upside risks are considered. they are trying to head of higher inflation. >> the discussion was a leng
let's get over to beijing. let's talk to tom mckenzie. they are now considering contingency plans to support the and he's those capital outflows, including asking enterprises to convert at least temporarily some of their foreign exchange. they may trim some of their u.s. treasury holdings to support you on and maintain a stable exchange rate. they are trying to pull back on some of these capital outflows. >> how unusual is this move by china? >> the fact that they are preparing a...
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Jan 12, 2017
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more to come. ♪ rishaad: 12:30 in singapore and beijing. these are the headlines, donald trump has confronted two of his biggest political challenges before he becomes president. he will not divest from his company but laid out plans to avoid business conflict. he also talked about claims that russia has damaging information about him. he did think moscow was behind the hack. this man is being questioned by prosecutors investigating korea's undue influence scandal that brought down the president. he was expected to be summoned, but his name is a surprise, because he was named as a suspect. prosecutors want to know how the companies made a mint to a confidant -- made payment to a confidant. mostmmodities, oil holding of its biggest advance in nearly six weeks as u.s. refiners protests -- process increased and others trim outputs. barrels a day of crude last week, the most in data since 1989. the uae energy minister says his country and others have complied with cuts agreed under the opec deal. aviation about to mark the end of an era with th
more to come. ♪ rishaad: 12:30 in singapore and beijing. these are the headlines, donald trump has confronted two of his biggest political challenges before he becomes president. he will not divest from his company but laid out plans to avoid business conflict. he also talked about claims that russia has damaging information about him. he did think moscow was behind the hack. this man is being questioned by prosecutors investigating korea's undue influence scandal that brought down the...
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Jan 17, 2017
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reassure beijing that foxconn remains committed to china as it expands its u.s. operations. a high-ranking chinese official expressed concern to gou about the iphone makers american plans. trump has singled out apple as a country that should manufacture in the u.s. gou declined an invitation to trump's inauguration. pointed a group president and ceo. he says he is delighted to be part of baidu's evolution. he has a phd in computer science and holds 48 u.s. patents. an search giant has set up augmented reality lab in beijing as it seeks to head off rivals and new forms of advertising. welcome back. are our guests. ands focus now on trump what happens after the inauguration after january 20. we have u.k. triggering article 50, brexit speech today from theresa may, what should investors be looking at? >> most international investors are underweight europe as a because of the whole of election cycle coming up with the french elections, german elections, and speculation about where anyone else leave the european union and so on. i think they have learned from if you position to a
reassure beijing that foxconn remains committed to china as it expands its u.s. operations. a high-ranking chinese official expressed concern to gou about the iphone makers american plans. trump has singled out apple as a country that should manufacture in the u.s. gou declined an invitation to trump's inauguration. pointed a group president and ceo. he says he is delighted to be part of baidu's evolution. he has a phd in computer science and holds 48 u.s. patents. an search giant has set up...
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Jan 20, 2017
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retail sales, industrial production, painting a picture of that chinese economy, and tom mackenzie in beijing. number, the full-year gdp number four china is 6.7% for 2016. the fourth quarter number surprising to the upside, up 6.8%. that full-year numbers squarely in the middle of the government's growth target. said, more data points as well, industrial production came in up 6%, full gear. corridor, 6% versus estimates of 6.1%. retail sales for december up 10.9%, beating estimates of 10 point 7%. ,ull-year 2016 up 10.4% suggesting china's consumers remain relatively bullish. wage hikes are starting to come off and there is a question of whether curbs on property prices will drain money from chinese consumers pockets in the months ahead. fixed asset investment came in up eight point 1%, marginally below the estimate's of 8.3%. fixed asset investment, we will break it down to see much how much a private sector played in the confidence versus state owned enterprises, which have picked up a fair bit of slack, so if that is starting to rebalance, that will be important as well. 6.7%,pline line n
retail sales, industrial production, painting a picture of that chinese economy, and tom mackenzie in beijing. number, the full-year gdp number four china is 6.7% for 2016. the fourth quarter number surprising to the upside, up 6.8%. that full-year numbers squarely in the middle of the government's growth target. said, more data points as well, industrial production came in up 6%, full gear. corridor, 6% versus estimates of 6.1%. retail sales for december up 10.9%, beating estimates of 10 point...
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Jan 6, 2017
01/17
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donald trump lock horns with china and japan, beijing warns of a big stick if america initiates a trade war. >> nissan says it's message received at understood after toyota came in for some tweeticism. >> deja vu for currencies. >> this is the second hour of daybreak asia live from bloomberg u.s. and asian headquarters. it is just past 8:00 a.m. in hong kong. >> 7:00 p.m. in new york, i am betty liu. i wonder what else will pop up in a 17. >> you have to break it down, so many of them. >> any number of them can affect the stock market but today we were focused on wall street on what is ahead in the u.s. jobs report. a glance of it with a private payrolls report from adp which sent a little bit of a doubt in the market about the growth because it came in under estimates. we have more on what happened on wall street. for theteresting set up friday wall street trade because we closed off the lows, the -- most losses you raised any nasdaq closed at a record which is an interesting set up, despite -- check out the market snapshot, the dollar extended losses, the new concerns about a strong c
donald trump lock horns with china and japan, beijing warns of a big stick if america initiates a trade war. >> nissan says it's message received at understood after toyota came in for some tweeticism. >> deja vu for currencies. >> this is the second hour of daybreak asia live from bloomberg u.s. and asian headquarters. it is just past 8:00 a.m. in hong kong. >> 7:00 p.m. in new york, i am betty liu. i wonder what else will pop up in a 17. >> you have to break it...
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Jan 16, 2017
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yousef: right, let's switch gears, across the border, beijing morning trump to not question its claims to taiwan, saying the one china policy is not negotiable. comes a day after the president suggested a major reset of u.s.-china relations. tom mackenzie has the details. another round of spying, this will not end anytime soon, is it? it doesn't feel that way. this coming friday from a wall street journal interview with trump, saying he will not commit to the one china policy, a bedrock of u.s.-china relations since the 1970's, saying he wanted to see how china would act on trade, which he says has been unfair to the u.s., and on the currency before he makes any decision on that. this comes after comments questioning the one china policy and that controversial phone call from the president of taiwan in december, raising many eyebrows here and broke diplomatic protocol. we heard a strongly worded response from the chinese foreign ministry on saturday saying quite simply that the one ,hina policy was nonnegotiable and urging trump to recognize the sensitivity of the taiwan question. we h
yousef: right, let's switch gears, across the border, beijing morning trump to not question its claims to taiwan, saying the one china policy is not negotiable. comes a day after the president suggested a major reset of u.s.-china relations. tom mackenzie has the details. another round of spying, this will not end anytime soon, is it? it doesn't feel that way. this coming friday from a wall street journal interview with trump, saying he will not commit to the one china policy, a bedrock of...
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Jan 8, 2017
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economist say beijing may take measures to stop its reserves from slipping too far to avoid spurring outflows even further. tracy: president-elect donald trump will not meet with the tie when he president during her stopover in the u.s., nor will any of his transition officials, a spokesperson is confirmed. she landed in houston to reinforce relations with diplomatic allies. beijing is scrutinizing the trip for any signs that trump's team the one chinae policy by engaging with taiwan. abe toldnd shinzo japanese television he was to meet as soon as possible with donald trump to impress upon him the benefits of the u.s.-japan alliance. however no date for such a meeting has been fixed yet. all right, let's pick up our conversation with the managing on set. joining us we are gearing up, we are preparing for a new earnings season. it has been quite a year in 2016 third as we prepare, i put up the market relative valuation function, him are be -- mrb. irp. is w we will get this for you. this shows you that interaction stocks are quite expensive. what are you looking at in this quarter? wh
economist say beijing may take measures to stop its reserves from slipping too far to avoid spurring outflows even further. tracy: president-elect donald trump will not meet with the tie when he president during her stopover in the u.s., nor will any of his transition officials, a spokesperson is confirmed. she landed in houston to reinforce relations with diplomatic allies. beijing is scrutinizing the trip for any signs that trump's team the one chinae policy by engaging with taiwan. abe...
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Jan 4, 2017
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his trade secretary is a longtime critic of beijing. and an investment firm of abuted in a slice dhabi. artillery brought down a g
his trade secretary is a longtime critic of beijing. and an investment firm of abuted in a slice dhabi. artillery brought down a g
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Jan 4, 2017
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anchor: we know beijing is taking this on foreign exchange transaction. what impact is that going to have, what impact is that having? tom: that's right, so we have seen more capital controls put in place. the latest research is kicking in on january 1. what it means for chinese citizens is there is an extra level, burden, bureaucratic burden they have to go through if they want to convert their currency into foreign currency. they each get 50,000 u.s. dollar quota. now, they have to sign a pledge promising not to use that money to buy property insurance products or securities overseas. they also have to detail exactly what they are going to be spending that money on, whether it is overseas business travels or education and university costs for example. this is another layer the security and educators are hoping will continue to question marks in theon minds of citizens. there is also another hit interestingly from the cows casino stocks. they are concerned their customers will be unable to spend as much on the blackjack tables as they had previously as a
anchor: we know beijing is taking this on foreign exchange transaction. what impact is that going to have, what impact is that having? tom: that's right, so we have seen more capital controls put in place. the latest research is kicking in on january 1. what it means for chinese citizens is there is an extra level, burden, bureaucratic burden they have to go through if they want to convert their currency into foreign currency. they each get 50,000 u.s. dollar quota. now, they have to sign a...
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Jan 28, 2017
01/17
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gulliver: it is a change from a we have expected, but it is consistent with beijing policy. it is consistent with the political developments in china. it should be looking to play a greater role on the world stage. for years or five years ago, we how china had a bigger economic role to play come of that they were not stepping up enough. in a number of ways, it is what we were calling for four or five years ago. john: you still want to hire 4000 people. you are pushing in a big way towards that. how are you doing on things like property loans and bad debt? mr. gulliver: in every country, there are big risks. china is not unique to that. areadly, we see that the that that certain areas are being a concentration of cantonese speaking. go across to shenzhen. there is a high-speed railroad being built. it is a lot that integration taking place. we see this as a large opportunity for us. -- weg kong, they invest have a very big market share. really our first time of expanding across the border. and the deltas, gdp has slowed somewhat. our timescale of hiring or thousand people is
gulliver: it is a change from a we have expected, but it is consistent with beijing policy. it is consistent with the political developments in china. it should be looking to play a greater role on the world stage. for years or five years ago, we how china had a bigger economic role to play come of that they were not stepping up enough. in a number of ways, it is what we were calling for four or five years ago. john: you still want to hire 4000 people. you are pushing in a big way towards that....
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Jan 4, 2017
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pressure, theder country said to be exploring scenarios in beijing. manus: larry summers says investors are too sanguine about risks with donald's policies. that is to be discussed. anna: we will look ahead to today's euros on inflation thers and talk about where ecb stands now. we are back to frankfurt for a live update later on in the program. this is bloomberg. ♪ manus: it's 6:47 a.m., the start of a new year. it's 1:40 7 a.m. in new york. let's get a business flash for 2017. >> investors bought a record $3.5 billion from the double line total return bond fund last month. according to bloomberg estimates annual performance trailed the benchmark index for the first time. the funds which invest predominantly in mortgage backed securities returned 2.2% in 2016 compared with 2.7% for the u.s. aggregate index. extendedres fell in trade after fourth-quarter delivery fell short of for the forecast. they delivered about 22,000 vehicles that final three month of last year. it had been aiming at least 80,000. the pressure on tesla to make good on his own g
pressure, theder country said to be exploring scenarios in beijing. manus: larry summers says investors are too sanguine about risks with donald's policies. that is to be discussed. anna: we will look ahead to today's euros on inflation thers and talk about where ecb stands now. we are back to frankfurt for a live update later on in the program. this is bloomberg. ♪ manus: it's 6:47 a.m., the start of a new year. it's 1:40 7 a.m. in new york. let's get a business flash for 2017. >>...
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Jan 4, 2017
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tom: there is a compare and contrast of the present beijing with mao of another time and place. is that an accurate comparison, or is that unfounded? evan: i do not think xi jinping tse tung. mouse a dun he has embraced populist tactics and techniques to expand his power based, and i think that is where the comparison is. in terms of the number of actors, the number of special in makinginvolved government decisions on economic policy, foreign policy, is far more diversified and decentralized than in mao's days. francine: do they kick out u.s. companies? suppress theng to u.s. dollar as a reserve currency? depends on the provocation. if the tribe administrations tradea series of heavy actions against the chinese, one way the chinese could retaliate is by going after american companies. there are all sorts of formal ways they can harass american companies as a way to retaliate. a different scenario is a scenario in which the chinese come if they feel they are pushed around on maritime disputes, with a potential chinese reaction, it is growing naval or -- naval activities in the ea
tom: there is a compare and contrast of the present beijing with mao of another time and place. is that an accurate comparison, or is that unfounded? evan: i do not think xi jinping tse tung. mouse a dun he has embraced populist tactics and techniques to expand his power based, and i think that is where the comparison is. in terms of the number of actors, the number of special in makinginvolved government decisions on economic policy, foreign policy, is far more diversified and decentralized...
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Jan 26, 2017
01/17
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the airline has restarted flights between sydney and beijing. it plans to introduce a direct service from paris to london next year. takesay it will not traffic away from its partners ever. >> we think it's very complementary. they're very supportive of it. and we have 40 different destinations in europe. impact the bigto full from dubai and other destinations. this route will generate a lot of interest from people in europe wanting a faster way to get to australia. it's three hours faster getting from london to perth on this route and faster getting from sydney to melbourne going this way. it's a particularly designed terminal which will be a great ground experience for customers as well is an amazing in air experience. this is a game changer for all of us. and new technology coming in the may allow us to even do a sydni to london draft. bignology is becoming a brand of qantas in allowing us to fly to great markets that we could have only imagined in the past. plans comes innd june of this year. are you looking at any other and does the prospec
the airline has restarted flights between sydney and beijing. it plans to introduce a direct service from paris to london next year. takesay it will not traffic away from its partners ever. >> we think it's very complementary. they're very supportive of it. and we have 40 different destinations in europe. impact the bigto full from dubai and other destinations. this route will generate a lot of interest from people in europe wanting a faster way to get to australia. it's three hours...
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Jan 9, 2017
01/17
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bloomberg european headquarters in london, we are watching stories out of detroit, washington, and beijing. and the dealsek report we will speak to the goldman sachs cohead of m&a who outlined the deals landscape for 2017 and how the trump tax plan could affect the market. plus, live from the north american international auto show in detroit right now. we will speak to mark fields. the donald trump cabinet gets grilled by the senate this week. all of his picks are expected to be confirmed starting on tuesday , starting with jeff sessions. halfway into the trading day. abigail doolittle joins us with a look at the markets. forail: not a lot happening
bloomberg european headquarters in london, we are watching stories out of detroit, washington, and beijing. and the dealsek report we will speak to the goldman sachs cohead of m&a who outlined the deals landscape for 2017 and how the trump tax plan could affect the market. plus, live from the north american international auto show in detroit right now. we will speak to mark fields. the donald trump cabinet gets grilled by the senate this week. all of his picks are expected to be confirmed...
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Jan 13, 2017
01/17
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it.hat is exactly we see beijing behaving very much as you described. in the past year, new mortgage lending is probably going to be up almost 100% and even the total stock of mortgages is going to be 30% for 2016. at the same time beijing talks talksleading to fix -- about wanting to contain this asset bubble, by some estimates a chinese households have 80% of their wealth in real estate. joe: you don't really hear that much, as a china wants to turn towards a more can the merger of an economy, how -- expand on that a little more. the degree to which spending and consumption is dependent on that real estate wealth continuing to expand. >> basically what we are seeing here is people are trying to be wealth theyout that have from their home. in shenzhen, the city where i are, real estate prices higher by any metric you want to use, even midtown manhattan. there is a new building near me that i just went in and the average price of they are paying is 3500 u.s. dollars a square foot. if you look at the household budget, they are significantly strained. peo
it.hat is exactly we see beijing behaving very much as you described. in the past year, new mortgage lending is probably going to be up almost 100% and even the total stock of mortgages is going to be 30% for 2016. at the same time beijing talks talksleading to fix -- about wanting to contain this asset bubble, by some estimates a chinese households have 80% of their wealth in real estate. joe: you don't really hear that much, as a china wants to turn towards a more can the merger of an...
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Jan 7, 2017
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they are closing power plants, they are closing steel plants, they are banning smoking in beijing even though the chinese government owns the tobacco companies. it really does work. thomas friedman: china is really is the people's republic of deferred gratification, and we are the united states of get it now, instant gratification, and we have got to change that equation. terre: that can get a little painful. thomas friedman: yeah, it is going to get painful. the only question is if market or mother nature or political leaders will deliver the pain, but the pain is coming. terre: do you think we have time to change? tarja halonan: i hope so. we cannot know that until it is already too late, but if we postpone it tomorrow, at least it does not help the situation. so it is time to act now. ♪ tarja halonan: i think so that our children and grandchildren will say that, "mommy, granny, did you really think that you did not see this? it cannot be solved at your desk." it has to be also taking a risk to try, try to make an effort in practice. and learn by doing. be ready to say that we trie
they are closing power plants, they are closing steel plants, they are banning smoking in beijing even though the chinese government owns the tobacco companies. it really does work. thomas friedman: china is really is the people's republic of deferred gratification, and we are the united states of get it now, instant gratification, and we have got to change that equation. terre: that can get a little painful. thomas friedman: yeah, it is going to get painful. the only question is if market or...
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Jan 12, 2017
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i have talked to people in beijing. they will say there is a certain ty about uncertain what he gets into office, he will be a dealmaker because he is a businessman. they hope for a pragmatic president. is that what they will get? that is what a way to see. scarlet: what is their impression of obama? john: that have been pretty mixed feelings about obama. loving feelings about hillary clinton just because they thought the pivot to asia helped inflame some of the attention to the south china sea. i am after they would have preferred hillary over trump. how they perceive obama since the stage for how they perceive trump. john: i think they perceived like as being predictable, a continuation of u.s. policy whereas trump is who knows, right? joe: in terms of his rhetoric, trump clearly seems to be more antagonistic towards china than hillary clinton or barack obama. there is view in china that perhaps maybe he is someone that the country can ultimately work with. john: yes. i think they are hoping they can make a deal. they
i have talked to people in beijing. they will say there is a certain ty about uncertain what he gets into office, he will be a dealmaker because he is a businessman. they hope for a pragmatic president. is that what they will get? that is what a way to see. scarlet: what is their impression of obama? john: that have been pretty mixed feelings about obama. loving feelings about hillary clinton just because they thought the pivot to asia helped inflame some of the attention to the south china...
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Jan 11, 2017
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beijing. with no traffic it takes 22 minutes. rishaad: shares are unchanged at the minute. new zealand at selling a finance division, for 60 million u.s. dollars. let's get to sydney. themselves.esting particularly the ones in asia. >> potentially the new zealand market is that much smaller. of $460 million deal. gain of $73net million, that improves their capital ratio and basis points. set-asides -- satisfies quite a few needs. mentioned, they have been dialing back overseas interests, focusing on business. we saw another example just last pulled a stake in a shanghai commercial bank. this is a process of unwinding the treasury with the former ceo. opposite.s, quite the has made many deals in the last year. flat in australia, but a zealand. deal in new shares up 1.3% right now. rishaad: thank you for that in sydney. back to where it all began. president obama preparing his speech in chicago. bringing you that speech live, and asking how his legacy will against that of donald trump. and also looking to hong kong and shanghai, the asian stock markets rallying. a surgeon min
beijing. with no traffic it takes 22 minutes. rishaad: shares are unchanged at the minute. new zealand at selling a finance division, for 60 million u.s. dollars. let's get to sydney. themselves.esting particularly the ones in asia. >> potentially the new zealand market is that much smaller. of $460 million deal. gain of $73net million, that improves their capital ratio and basis points. set-asides -- satisfies quite a few needs. mentioned, they have been dialing back overseas interests,...
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Jan 7, 2017
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tom: what do we need to know about the domestic policy in beijing. because of thee leadership transition and the potential for a china that overreacts. xi jinping is so focused on the big party congress, the leadership transition, they will externale for activity, action, u.s.-china relations, north korea, that could pose a distraction to xi activityr some kind of that he would have to respond forcefully to so he doesn't lose credibility at home. >> what does a china that overreacts look like? do they kick out the u.s. companies? is there a supply chain problem, or is it worse? for example, dropping the u.s. dollar as a reserve currency? >> it depends on the provocation. if the trumpet ministration decides to take a series of heavy trade actions against the through one channel which the chinese could retaliate is going after american companies. there are all sorts of informal ways they can harass american companies as a way to retaliate. a word that came up several times in the minutes of the federal reserve december policy meeting as the fomc debate
tom: what do we need to know about the domestic policy in beijing. because of thee leadership transition and the potential for a china that overreacts. xi jinping is so focused on the big party congress, the leadership transition, they will externale for activity, action, u.s.-china relations, north korea, that could pose a distraction to xi activityr some kind of that he would have to respond forcefully to so he doesn't lose credibility at home. >> what does a china that overreacts look...
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Jan 12, 2017
01/17
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he says that beijing can i use disputed islands in the south china sea. the stability that is foundational to peace and security in the 21st century american leadership must not only be renewed, it must be asserted. we have many advantages on which to build. our alliances are durable and our allies are looking for our return to leadership. >> volkswagen has taken a step to resolving emissions scandals, pleading guilty today and facing a fine. prosecutors announced charges against five executives in germany. they admitted to using false statements and obstructing inquiries when authorities were suspicious of emissions levels. reluctant consumers have pulled down earnings at two of japan's top retailers. stagnant wages have prompted many people to reign in spending good we will have more later when others report after the close. korea's national pension service has been drawn into the undue influence scandal. it is the third-largest in the world and the tremendous facing arrest, suspected of having put npssure on the fund and the owns 9% of samsung. day inn
he says that beijing can i use disputed islands in the south china sea. the stability that is foundational to peace and security in the 21st century american leadership must not only be renewed, it must be asserted. we have many advantages on which to build. our alliances are durable and our allies are looking for our return to leadership. >> volkswagen has taken a step to resolving emissions scandals, pleading guilty today and facing a fine. prosecutors announced charges against five...
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Jan 6, 2017
01/17
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. >> the pbo see in beijing raised its daily fixing rate less than projected. of banks reiterated their bearish views on the yuan. the interventions fleshed out short positions to suck what happened this week. the yuan bears got squeezed. curve a defending it to record outflow of the currency ahead of the december foreign-exchange figures. likely felt by another $30 billion last month. of soon dropping below the psychologically key level of $3 trillion. bloomberg news. a weekly look at etf's. abigail doolittle has more. revenue growth has lagged by a lot, which has many asset manager struggling to survive. senior etf analyst at bloomberg intelligence. >> the big story has been assets and flows are going into etf's. is true. the etf is going from one trillion to 2.5 trillion. from 3.5as only gone trillion to 6 trillion. you would think revenue would be more like 9 billion, not six. the two reasons revenue growth has an cap depp, there is a fee war. cutting fees on existing asset basis. investors are sniffing out cheaper products. etf took into $236 billion this
. >> the pbo see in beijing raised its daily fixing rate less than projected. of banks reiterated their bearish views on the yuan. the interventions fleshed out short positions to suck what happened this week. the yuan bears got squeezed. curve a defending it to record outflow of the currency ahead of the december foreign-exchange figures. likely felt by another $30 billion last month. of soon dropping below the psychologically key level of $3 trillion. bloomberg news. a weekly look at...
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Jan 14, 2017
01/17
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how willing is beijing to let its reserves window to stabilize the yuan? we spoke to the former imf deputy managing director at the greater china conference in shanghai. >> the foreign reserve is on the downside, we saw that and but i think that's all the way and gradually reflects the market, and the capital flow and all of those things. i would say to maintain the stability is also gradually contained the expectations -- gradually will receive -- the reserve probably will be able to stabilize. issue, -- not necessarily being a free member. number two, people talk about if the reserve drop so dramatically, you may be facing different crisis situations. you compare the cases it i think it is different. chinese external debt is very low. that is very important. and also the interest rates are still not increased against all other things. so, may change the domestic frame of all those things. china's reserve move is very different from what we observed, all the reserve moves in the past 30 years. so in that sense, we should not link the reserve moves to the
how willing is beijing to let its reserves window to stabilize the yuan? we spoke to the former imf deputy managing director at the greater china conference in shanghai. >> the foreign reserve is on the downside, we saw that and but i think that's all the way and gradually reflects the market, and the capital flow and all of those things. i would say to maintain the stability is also gradually contained the expectations -- gradually will receive -- the reserve probably will be able to...
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Jan 19, 2017
01/17
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find out how he thinks the relationship between washington beijing will change with donald trump calling the shots. ♪ ♪ yvonne: 8:30 in singapore. just half an hour away from the open of trading. you are watching "bloomberg daybreak: asia." he expects the government to sell more of the company's shares midyear. he said the government will choose underwriters in march. >> different post bank, different post insurance. we are taking care of letters and packages. two years ago, november 4, three companies got the purchase of exchange at the same time. two years ago, november 4. in service holding company japan postbank and japan post insurance. month, the this government of japan announced they are going to sell additional shares of the holding .ompany the japanese government owned our service 100%. they are supposed to sell down to one third of the share. they will continue to keep one third of shares permanently. they have to sell to third of our shares. >> in what timeline? >> it is not a binding deadline yet. they say by 2022, they want to sell two thirds of our shares. sowed --t ip
find out how he thinks the relationship between washington beijing will change with donald trump calling the shots. ♪ ♪ yvonne: 8:30 in singapore. just half an hour away from the open of trading. you are watching "bloomberg daybreak: asia." he expects the government to sell more of the company's shares midyear. he said the government will choose underwriters in march. >> different post bank, different post insurance. we are taking care of letters and packages. two years ago,...